Energy Recovery (ERII) Scheduled to Post Earnings on Tuesday
Energy Recovery (NASDAQ:ERII) is set to post its quarterly earnings results after the market closes on Tuesday, March 6th. Analysts expect Energy Recovery to post earnings of $0.23 per share for the quarter.
Shares of Energy Recovery (NASDAQ ERII) opened at $6.71 on Monday. Energy Recovery has a 12-month low of $6.13 and a 12-month high of $11.30. The company has a market cap of $359.62, a price-to-earnings ratio of 95.86 and a beta of 5.35.
Several analysts recently commented on the stock. B. Riley reiterated a “buy” rating on shares of Energy Recovery in a research report on Tuesday, February 27th. ValuEngine downgraded shares of Energy Recovery from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group reiterated a “buy” rating and issued a $14.00 price target on shares of Energy Recovery in a research report on Wednesday, December 20th. BidaskClub downgraded shares of Energy Recovery from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Finally, Zacks Investment Research upgraded shares of Energy Recovery from a “hold” rating to a “strong-buy” rating and set a $10.00 price target for the company in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. Energy Recovery presently has a consensus rating of “Hold” and an average target price of $15.63.
Energy Recovery Company Profile
Energy Recovery, Inc is an energy solutions provider to industrial fluid flow markets. The Company’s solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. Its segments include Water, Oil & Gas, and Corporate. The Water Segment focuses on products sold for use in reverse osmosis water desalination.
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